Technical Analysis: February 18, 2022 - Dollar Weakens

The following is the daily technical analysis, February 03, 2022. The data and analysis in this article can be used on a wide scale for your trading. However, it is important to note that GICTrade and its data providers are not responsible for your trading results. So, it's your own responsibility!

EURUSD

[caption id="attachment_13943" align="alignnone" width="980"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Euro's movement is predicted to weaken/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of R1, R2 and even R3. For details, see below!

Pivot Point

Pivot poin are at 1,12998.

Resistance

Resistance 1 = 1,13335 Resistance 2 = 1,13634 Resistance 3 = 1,13971

Support

Support 1 = 1,12699 Support 2 = 1,12362 Support 3 = 1,12063

USDCHF

[caption id="attachment_13944" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of Swiss Franch's movement is predicted to weaken, the candle moves Bullish towards the level of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 and even S3. For details, see below!

Pivot Point

Pivot poin are at 0,91961.

Resistance

Resistance 1 = 0,92150 Resistance 2 = 0,92405 Resistance 3 = 0,92594

Support

Support 1 = 0,91706 Support 2 = 0,91517 Support 3 = 0,91262

USDJPY

[caption id="attachment_13945" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Yen's movement is predicted to weaken, the candle moves Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For details, see below!

Pivot Point

Pivot poin are at 114,460.

Resistance

Resistance 1 = 114,769 Resistance 2 = 115,106 Resistance 3 = 115,415

Support

Support 1 = 114,123 Support 2 = 113,814 Support 3 = 113,477

GBPUSD

[caption id="attachment_13946" align="alignnone" width="996"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of the Pound Sterling is predicted to weaken/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of R1, R2 and even R3. For details, see below!

Pivot Point

Pivot poin are at 1,35583.

Resistance

Resistance 1 = 1,36042 Resistance 2 = 1,36324 Resistance 3 = 1,36783

Support

Support 1 = 1,35301 Support 2 = 1,34842 Support 3 = 1,34560

AUDUSD

[caption id="attachment_13947" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the Aussie movement is predicted to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakening, it will return to the Pivot level or it may move to the R1, R2 and even R3 levels. For details, see below!

Pivot Point

Pivot poin are at 0,71372.

Resistance

Resistance 1 = 0,71567 Resistance 2 = 0,71780 Resistance 3 = 0,71975

Support

Support 1 = 0,71159 Support 2 = 0,70964 Support 3 = 0,70751

GOLD

[caption id="attachment_13948" align="alignnone" width="992"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of the movement of Gold is predicted to rise/Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its increase, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For details, see below!

Pivot Point

Pivot poin are at 1803,99.

Resistance

Resistance 1 = 1813,69 Resistance 2 = 1820,33 Resistance 3 = 1830,03

Support

Support 1 = 1797,35 Support 2 = 1787,65 Support 3 = 1781,01

OIL

[caption id="attachment_13949" align="alignnone" width="988"] Photo Source: Nurhakim via GIC[/caption] Daily technical analysis of oil movements is predicted to decrease/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its decline, it will return to the Pivot level or it may move to the level of R1, R2 or even R3. For details, see below!

Pivot Point

Pivot poin are at 88,27.

Resistance

Resistance 1 = 89,44 Resistance 2 = 90,87 Resistance 3 = 92,04

Support

Support 1 = 86,84 Support 2 = 85,67 Support 3 = 84,24

That's the explanation of "Technical Daily Analysis: February 03, 2022 - Dollar Weakens". Also read our other articles, such as Investment Diversification: Definition, Goals to Examples, only in the GIC Journal. Don't forget to practice your trading skills by getting a scalping ebook and following live trading on NFP Live Trading. Make sure to download GIC Mobile Apps on the Google Play Store as well as the Apple App Store, to maximize profits from forex trading.